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Alibaba stock fell in U.S. trading after the Chinese tech giant announced a roughly $10.2 billion equity placement.
Investing.com -- Alibaba Group Holding Ltd. executives Joseph Tsai and Eddie Wu purchased approximately HK$120 million ($15.3 million) of company shares on Monday following a decline in the stock price after a capital raise announcement.
Alibaba raised $10.2 billion through a discounted Hong Kong share placement to fund its AI expansion.
Michael Burry Dumps BABA for JD.com as Alibaba's Massive Share Sale Draws Fire
Alibaba Stock Falls as $10.3 Billion Equity Raise Adds New Shares
Xpeng’s second-quarter revenue increased 8% to RMB19.74 billion but missed Wall Street’s RMB20.50 billion estimate, according to Fiscal.ai.
Alibaba investors who were hoping the Chinese internet company might avoid the artificial-intelligence spending race are set to be disappointed. Alibaba said Sunday it had reached an agreement to place 710 million new shares to investors outside the U.S. at 112.70 Hong Kong dollars ($14.38) each. Its American depositary receipts were down 2.2% to $116.75—each ADR represents eight underlying ordinary shares.
Treasury Secretary Scott Bessent is set to unveil what he called an "economic D-Day" against Iran on Monday, rattling energy markets
The Chinese tech company sold 710 million shares at HK$112.70 each, with demand from institutional investors nearly tripling the offering
Investing.com -- S&P 500 and Nasdaq futures fell Monday as investors braced for a heavy week featuring potential new U.S. sanctions on Iran, Federal Reserve Chair Kevin Warsh’s Jackson Hole address, and quarterly results from Nvidia.
The AI spending boom is outrunning Wall Street estimates, Trump considers changing capital-gains taxes, China’s property crisis isn’t over, and more news to start your day.
Asian stock markets were pressured on Monday as tech shares fell back on rising interest rates, and
Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker’s push into humanoid robots.
Find insight on Samsung , MPI and more in the latest Market Talks covering technology, media and telecom.
Chinese automaker Xpeng said on Monday its robotics unit had raised more than $900 million in its first funding round, setting a new record for a single private financing in China's embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent and Alibaba, values the robotics business at more than $6.3 billion, Xpeng said in a statement. The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said.
↘️ Alibaba (HK:9988, BABA): The Chinese tech giant launched a $10.2 billion share sale at a sharp discount to invest in AI. Its stock fell more than 8% in Hong Kong. ↘️ Samsung Electronics (KR:005930): Shares tumbled more than 8% in South Korea.
Global tech stocks weakened following equity and bond issues from the sector in Asia and pressure on longer-dated Treasurys eased slightly as oil prices fell.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong's biggest secondary share sale. Bloomberg reporters and Bloomberg Intelligence talk about what this means and why it's sparked backlash from some investors like Michael Burry.
BEIJING, Aug 24 (Reuters) - Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share
Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. The new model can generate 30-second videos from documents, spreadsheets, slides and web pages, Alibaba Cloud said in a post on the WeChat platform. Alibaba said Wan3.0 had been used in short drama and film production, advertising and marketing, tourism promotion and music video creation since a public beta version was launched on August 6.
The Morning Bull - US Market Morning Update Monday, Aug, 24 2026 US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.4% and Nasdaq-100 futures ahead roughly 0.3%. A key driver is the US 10 year Treasury yield, which is near a 20 month high of 4.74%. This means borrowing costs across mortgages, credit cards and business loans remain relatively expensive. At the same time, the US Composite PMI sits at 56, with services at 56.8 and manufacturing at 53.2,...
Alibaba Group (NYSE:BABA) Holding Ltd shares fell sharply in Hong Kong after the Chinese technology group priced a HK$80 billion (US$10.2 billion) equity placement to finance further investment in artificial intelligence. The company will issue 710 million new ordinary shares to investors...
The deal is the largest primary follow-on offering by a Hong Kong-listed company in history.